Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.
This will add expenses for another office and payroll for five more employees, but Sam's customer base will stay the same, at least for a while. Until Sam's new branch starts bringing in new customers, how will this change affect Sam's net profit margin? a. An added expense of a new branch has nothing to do with Sam's net profit margin.
b. Since the new branch is adding expenses, Sam's net profit margin will go down.
c. Since the new branch is adding expenses, Sam's net profit margin will go up. d. Since the expense the new branch is adding is negligible, Sam should see no change in his net profit margin.
The correct answer here would be B.)<span>Since the new branch is adding expenses, Sam's gross profit margin will go down. It states in the question Sam has the same amount of customers he did when he had a smaller business. This leads me to believe, for the time being, his profit will decrease after he pays the expenses of his new building wing and employees. </span>
This is known to be the first step that is been taken in a bid to get potential customers in a marketing process. Its made by of these marketers is firstly to qualify a recipient as a prospect and is other cases, someone who may have a need for your business products or services, or not. Its goal of is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.
Teamwork refers to working in collaboration towards attainment of a common goal. Teamwork leads to synergistic gains as the collective group work exceeds the work carried out individually.
Following points highlight the importance of team work in an organization:
Promotes problem solving skills: Working in a team helps individual develop problem solving skills.
Improved coordination and communication: Teamwork leads to better familiarity and thus improves coordination.
Increased efficiency and quicker responses: Teamwork leads to synergistic gains as collective effort exceeds individual effort and also expeditious performance.
Promotes learning: One to many interactions among team members promotes learning
Builds a sense of belonging: Since all team members are united by one common goal, teamwork builds a sense of belonging w.r.t organization.
Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...
